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3241004551 [841]
2 years ago
8

The balance sheet of Purdy's BBQ reports total assets of $800,000 and $900,000 at the beginning and end of the year, respectivel

y. Net income and sales for the year are $85,000 and $1,700,000, respectively. What is Purdy's asset turnover? 10.0 times. 2.0 times. 20.0 times. 0.5 times.
Business
1 answer:
Amiraneli [1.4K]2 years ago
4 0

Answer:

Option (B) is correct.

Explanation:

Given that,

Total assets (Beginning) = $800,000

Total assets (Ending) = $900,000

Net income = $85,000

Sales = $1,700,000

Average assets = [Total assets (Beginning) + Total assets (Ending)] ÷ 2

                          = [$800,000 + $900,000] ÷ 2

                          = 850,000

Purdy's asset turnover:

= Sales ÷ Average assets

= $1,700,000 ÷ 850,000

= 2

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Jarrod receives a scholarship of $28,000 from East State University to be used to pursue a bachelor's degree. He spends $16,800
Anton [14]

Answer:

$18,200

Explanation:

Calculation to determine what Jarrod may exclude from his gross income.

Using this formula

Gross income=Tuition+Books and supplies

Let plug in the formula

Gross income= $16,800 + $1,400

Gross income=$18,200

Therefore Jarrod may exclude $18,200 from his gross income.

8 0
2 years ago
The Thomas Cook travel agency has experienced financial setbacks due to the Iraq war, the SARS epidemic, and unusually hot weath
Tomtit [17]

Answer:

Threats in its external environment.

Explanation:

Situational analysis can be described as the thorough examination of the internal and external constituents of an organization.

Situational analysis is employed by different organizations to help identify their strengths and weaknesses. It helps to examine the capabilities of employees within an organization.

Situational analysis helps to identify the current strategies and activities that have been put in place inorder to solve problem. It also helps to get a clear insight into the different opinions and experiences of stakeholders.

4 0
2 years ago
Each of two stocks, C and D, are expected to pay a dividend of $3 in the upcoming year. The expected growth rate of dividends is
Stels [109]

Answer:

Intrinsic value of Stock C is 300

Explanation:

given data

expected pay dividend = $3

growth rate of dividends = 9%

stock C require a rate of return = 10%

stock D require a rate of return = 13%

solution

we get here intrinsic value by the DDM method

intrinsic value = Upcoming Dividend ÷ ( Required rate of return - Growth rate of stock )  .................1

intrinsic value = \frac{3}{(0.10-0.09)}    

intrinsic value = \frac{3}{0.01}  

intrinsic value = 300

so intrinsic value of Stock C is 300

8 0
2 years ago
When bringing to market a new product like the MotorolaOne Zoom, the actual product launch takes place in the __________________
AnnZ [28]

Answer:

Option E: Commercialization

Explanation:

The marketplace is simply dynamic and undergoes different changes and the demand rate for products is also do change. Companies evaluate their already made or existing product line, update it and tries to fit into the standard of their consumers.

In the new product development strategies, companies makes a unique new product development strategy to limit the overuse of time and resources through the method of, organize planning and research, understanding what customer really want thereby definitely resourcing of the said project.

In commercialization, it entails the new product launching procedures (processes). It usually needs heavy promotion and product distribution throughout the network.

6 0
1 year ago
Every year, Johnson Technologies hosts a banquet during which employees are given various awards, such as "safest driver" and "b
Inessa [10]

Answer: Option A

Explanation: In simple words, ethical behavior refers to the behavior which is seen as as morally correct from the perception of the society.

In the given case, Johnson technologies is giving award to their employees based the person skill traits such as safe driving etc. Hence they are awarding their employees for traits that are considered ethical and morally correct in the eyes of law and society.

Thus, from the above we can conclude that the correct option is A.

8 0
2 years ago
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